EssalGee
2020-08-16 12:45:28
- #1
Hello community,
I am not exactly sure if this is the right forum, if not, I apologize in advance.
I am 23 years old and would now like to move out of my parents' house after completing my vocational training. Now I am faced with the question: buying a property or renting an apartment?
I have considered buying a house for about 160,000 from 1997 instead of renting an apartment. For that, I would of course have to take out a loan. However, this house is not supposed to be my permanent residence (at least not for the moment). My plan is to sell the house again when a plot of land becomes available in my preferred place of residence and I can then build there. Since I can sell the house again, I hope, given the current interest rates, not to incur as large losses as I would if I rented an apartment.
Of course, I do not know what the real estate market will look like in ten years. Is it really more profitable to finance a house than to pay rent monthly?
Thanks for the answers and tips!
Regards
Lasse
I am not exactly sure if this is the right forum, if not, I apologize in advance.
I am 23 years old and would now like to move out of my parents' house after completing my vocational training. Now I am faced with the question: buying a property or renting an apartment?
I have considered buying a house for about 160,000 from 1997 instead of renting an apartment. For that, I would of course have to take out a loan. However, this house is not supposed to be my permanent residence (at least not for the moment). My plan is to sell the house again when a plot of land becomes available in my preferred place of residence and I can then build there. Since I can sell the house again, I hope, given the current interest rates, not to incur as large losses as I would if I rented an apartment.
Of course, I do not know what the real estate market will look like in ten years. Is it really more profitable to finance a house than to pay rent monthly?
Thanks for the answers and tips!
Regards
Lasse